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Search Results 0 to 3 of about 4 (some duplicates have been removed)
as a lone voice. she as argued for years for discipline and tax on financial transactions 1. 1 euro zone countries will go ahead with the tax. and they twawant to curb speculative trading and raise revenues for crises that might pop up. finance ministers from spain, italy, slovakia and estonia all threw their weight behind the plan. that brought the number of supporting countries to 11. but european union representatives from britain and netherland are opposed. and won't be implementing the tax. european commission officials say they will propose common rules on the tax when the finance ministers meet again next month. >>> top officials from world of finance, of course, when people at the meetings look around. they might notice some of the colleagues are absent. the finance min steshgs governme -- minister will not attend, many believe the chinese are protesting. conference officials say finance minister, xuchlt ren and governor of the bank of china, xiaochuan will skip the event. saying zhou had a scheduling confli conflict. reporting the nation's deputy bank governor and finance minist
in the consumption tax will not keep japan out of trouble. the economists released their latest report on the fiscal outlooks for various countries. they're predicting japan's debt will rise to nearly 2 1/2 times gdp in 2013 no. now, lawmakers passed a bill to double the consumption tax rate to 10% by 2015 but the imf report says that's just not enough and calling on leaders to carry out additional large-scale tax hikes along with spending cuts and saying japan really needs to generate at least a quarter of a trillion dollars in revenue over the next ten years. that would add up to more than 5% of gdp. here is an interesting sidenote. chinese bankers had planned to be here but they're going to be staying away. state-run xinhua news agency says the bankers are protesting against japan's nationalization last month of islands in the east china sea. japan controls the senkaku islands. chinese leaders say the territory belongs to them. representatives of bank of china, china construction bank and agriculture bank of china will all be skipping the meetings. xinhua quoted a chinese commerce ministry offici
to increase taxes and cut social spending. the jobless rate was 25.1% in july. that's up 0.3 percentage points from the previous months. people between the ages of 15 and 24 are facing the toughest situation. their unemployment rate hit 54.2%. that means one in two is out of work. government leaders are negotiating with the eu and other organizations so they can receive more bailout funds as soon as possible. >>> executives at a maj janese company appears to be dialing up a deal that will give them presence in the united states. softbank is considering acquiring sprint nextel. sprint nextel has more than 56 million subscribers. negotiations are to acquire more than two-thirds of the company's shares. it's expected to reach 2.8 billn. both firmsre providers for apple's iphone and they both use a high speed wireless communication protocol called long term evolution. the stronger yen is believed to be a factor in soft bank's decision in acquiring sprint nextel. they are hoping to vastly expand their network and customer base in the united states where the market is showing considerable growth. if
Search Results 0 to 3 of about 4 (some duplicates have been removed)